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Apollo Gold
(APGO)
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Rating:41Neutral
Price Target:
C$1.50
▼(-55.09% Downside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by weak financial performance (pre-revenue, widening losses, and worsening cash burn), which increases funding/dilution risk despite low leverage. Technicals also contribute negatively, with the stock trading below all key moving averages and negative MACD; oversold readings temper but do not reverse the bearish signal. Valuation is not supportive because the company is loss-making (negative P/E) and no dividend yield is indicated.
Positive Factors
Low Leverage
Very low leverage reduces solvency pressure and limits the amount of cash required for debt service. This gives Apollo Gold greater financial flexibility than a highly indebted company, allowing more capacity to direct future funding toward development rather than mandatory principal and interest payments.
Negative Factors
Pre-Revenue Status
Apollo Gold has not yet established a revenue stream, leaving the business without demonstrated commercial traction or internally generated operating income. Until revenue begins and develops consistently, funding must support the company’s activities while the timing and scale of future monetization remain uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage reduces solvency pressure and limits the amount of cash required for debt service. This gives Apollo Gold greater financial flexibility than a highly indebted company, allowing more capacity to direct future funding toward development rather than mandatory principal and interest payments.
Read all positive factors
Apollo Gold (APGO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$109.94M
Dividend YieldN/A
Average Volume (3M)137.46K
Price to Earnings (P/E)―
Beta (1Y)2.96
Revenue GrowthN/A
EPS Growth-77.79%
CountryCA
Employees8
SectorGeneral
Sector StrengthN/A
IndustrySilver
Share Statistics
EPS (TTM)-0.29
Shares Outstanding63,182,800
10 Day Avg. Volume124,434
30 Day Avg. Volume137,463
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)7.18
Price to Sales (P/S)0.00
P/FCF Ratio-27.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Apollo Gold Business Overview & Revenue Model
Company Description
Apollo Silver Corp. is an American-focused enterprise dedicated to the exploration and development of silver properties. The company possesses significant land interests in California's Mojave Desert, within San Bernardino County. These include th...
How the Company Makes Money
null...
Apollo Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -159.07K | -143.87K | -139.23K | -139.00K | -133.00K | -9.98K |
| EBITDA | -16.09M | -9.48M | -2.94M | -3.98M | -10.85M | -2.70M |
| Net Income | -15.72M | -9.38M | -2.99M | -4.15M | -10.61M | -2.71M |
Balance Sheet | ||||||
| Total Assets | 57.51M | 33.96M | 14.12M | 3.91M | 92.90M | 95.20M |
| Cash, Cash Equivalents and Short-Term Investments | 56.39M | 31.70M | 13.68M | 3.56M | 9.36M | 15.75M |
| Total Debt | 289.16K | 175.42K | 113.42K | 155.68K | 243.35K | 214.06K |
| Total Liabilities | 878.55K | 767.63K | 404.32K | 365.54K | 2.48M | 2.72M |
| Stockholders Equity | 56.63M | 33.20M | 13.71M | 3.54M | 90.41M | 92.49M |
Cash Flow | ||||||
| Free Cash Flow | -12.30M | -8.82M | -2.88M | -5.69M | -9.29M | -40.28M |
| Operating Cash Flow | -12.21M | -8.81M | -2.87M | -5.68K | -8.83M | -4.10M |
| Investing Cash Flow | -88.35K | -14.26K | -9.10K | -3.64K | -451.98K | -36.18M |
| Financing Cash Flow | 58.27M | 26.76M | 13.01M | -116.32K | 2.75M | 49.88M |
Apollo Gold Technical Analysis
Negative
3.34
Price Trends
2.85
Negative
2.82
Negative
3.38
Negative
Market Momentum
-0.30
Positive
28.10
Positive
16.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:APGO, the sentiment is Negative. The current price of 3.34 is above the 20-day moving average (MA) of 2.26, above the 50-day MA of 2.85, and below the 200-day MA of 3.38, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 28.10 is Positive, neither overbought nor oversold. The STOCH value of 16.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:APGO.
Apollo Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | C$227.70M | -4.05 | -59.58% | ― | 59.54% | -45.48% | |
44 Neutral | C$80.61M | -8.13 | -12.39% | ― | ― | -44.58% | |
43 Neutral | C$92.91M | -3.22 | -76.19% | ― | ― | -134.24% | |
41 Neutral | C$109.94M | -6.04 | -32.34% | ― | ― | -77.79% | |
41 Neutral | C$304.62M | -10.94 | -42.64% | ― | ― | -42.53% | |
41 Neutral | C$135.01M | ― | ― | ― | ― | -166.50% |
* General Sector Average
TSE:APGO
Apollo Gold
1.74
-2.25
-56.39%
TSE:AGAG
Argenta Silver Corp
0.32
-0.41
-56.16%
TSE:SVRS
Silver Storm Mining
0.35
0.09
37.25%
TSE:KTN
Kootenay Silver
0.78
-0.69
-46.94%
TSE:GSVR
Guanajuato Silver Company
0.30
-0.04
-13.04%
TSE:BNKR
Bunker Hill Mining
2.86
-3.79
-56.99%
Apollo Gold Corporate Events
Business Operations and StrategyFinancial Disclosures
Apollo Silver Unveils Robust PEA for California Calico Project
Positive
Oct 29, 2026
Apollo Silver Corp. has reported a positive preliminary economic assessment for its Calico Silver Project in California, centered on an open pit operation at the Waterloo deposit feeding an 8,000 tpd mill. The study, prepared by SLR Consulting und...
Business Operations and Strategy
Apollo Silver Refutes Reports of Ejido Vote on Mining Ban
Neutral
Sep 21, 2026
Apollo Silver has moved to correct media reports about a September 20 community assembly of Ejido Benito Juárez in Chihuahua, Mexico, where certain outlets claimed the community voted to reaffirm a 2012 ban on mining. The company says the ass...
Business Operations and Strategy
Apollo Silver Awaits Renewed Community Vote on Access to Cinco de Mayo Project
Neutral
Sep 21, 2026
Apollo Silver Corp. says the Ejido Benito Juárez community in Chihuahua, Mexico will reconvene an assembly to consider lifting a moratorium on mineral exploration and development affecting lands that include the Cinco de Mayo project, and to ...
Business Operations and StrategyExecutive/Board Changes
Apollo Silver refreshes finance leadership as it advances key silver projects
Positive
Sep 1, 2026
Apollo Silver Corp., a silver-focused exploration and development company, is advancing the Calico Silver Project in the U.S., a large undeveloped primary silver asset with barite and zinc by-products, and holds an option on the Cinco de Mayo CRD ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.